Billionaire Jeffrey Cheah’s Sunway MCL, Partner Offer Top Bid Of $581 Million For Prime Singapore Site

Billionaire Jeffrey Cheah’s Sunway MCL, Partner Offer Top Bid Of $581 Million For Prime Singapore Site

Malaysian billionaire Jeffrey Cheah's Sunway has been stepping up investments in Singapore, one of the world's most expensive real estate markets.

Sunway MCL and Partner Submit $581 Million Top Bid for Prime Singapore Development Site - Internewscast Journal

Sunway MCL, the Singapore developer controlled by Malaysian billionaire Jeffrey Cheah, together with China’s CSC Land Group, has emerged as the top bidder

The winning bid was made by a joint venture between Sunway MCL and CSC Land Group.

Sunway MCL-CSC Land Group JV tops bids for River Valley Green GLS site at S$1,730 psf ppr

SINGAPORE (June 19): The tender for the Government Land Sale (GLS) site at River Valley Green (Parcel C) closed on June 18 with four bids, led by a j...

Sunway MCL-CSC Land Group JV tops bids for River Valley Green GLS site at $1,730 psf ppr

The tender for the Government Land Sale (GLS) site at River Valley Green (Parcel C) closed on June 18 with four bids, led by a joint venture between Sunway MCL and CSC Land Group. The consortium submitted the highest offer of $750.57 million, or $1,730 psf per plot ratio (psf ppr). "The top bid of $1,730 psf ppr is not only well above market expectations but also establishes a new benchmark land rate for the River Valley and Zion precinct, surpa…

Sunway MCL, CSC make bold bet on River Valley site with S$1,730 psf ppr bid at S$750.6 million

Top bid for River Valley Green plot marks new high for land in the area, and is about 22% above price of the last site sold nearby Read more at The Business Times.